Van Hulzen Asset Management LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,092 shares of the transportation company’s stock after purchasing an additional 385 shares during the period. Van Hulzen Asset Management LLC’s holdings in United Parcel Service were worth $448,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. VeraBank N.A. lifted its stake in United Parcel Service by 5.3% during the fourth quarter. VeraBank N.A. now owns 5,106 shares of the transportation company’s stock worth $1,094,000 after purchasing an additional 257 shares during the last quarter. Southern Capital Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $19,754,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of United Parcel Service by 6.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 91,965 shares of the transportation company’s stock valued at $19,712,000 after acquiring an additional 5,943 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of United Parcel Service by 1.0% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 19,211 shares of the transportation company’s stock valued at $4,118,000 after acquiring an additional 188 shares during the last quarter. Finally, Hendershot Investments Inc. lifted its stake in shares of United Parcel Service by 5.4% in the 4th quarter. Hendershot Investments Inc. now owns 51,010 shares of the transportation company’s stock valued at $10,934,000 after acquiring an additional 2,619 shares during the last quarter. 56.81% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on UPS. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $262.00 to $229.00 and set an “overweight” rating for the company in a research note on Friday, April 8th. Citigroup boosted their target price on United Parcel Service from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, February 2nd. Evercore ISI boosted their target price on United Parcel Service from $235.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, February 2nd. Cowen boosted their target price on United Parcel Service from $203.00 to $232.00 and gave the company a “market perform” rating in a research note on Wednesday, February 2nd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $233.39.
United Parcel Service (NYSE:UPS – Get Rating) last posted its quarterly earnings results on Tuesday, February 1st. The transportation company reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.48. The company had revenue of $27.71 billion for the quarter, compared to the consensus estimate of $27.07 billion. United Parcel Service had a return on equity of 96.17% and a net margin of 13.25%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.66 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 12.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 10th. Investors of record on Tuesday, February 22nd were paid a $1.52 dividend. The ex-dividend date of this dividend was Friday, February 18th. This represents a $6.08 annualized dividend and a dividend yield of 3.19%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.02. United Parcel Service’s dividend payout ratio is presently 41.39%.
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 5,677 shares of the stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $227.52, for a total transaction of $1,291,631.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Philippe R. Gilbert sold 3,897 shares of the stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total value of $839,296.89. The disclosure for this sale can be found here. Insiders sold a total of 29,558 shares of company stock worth $6,491,514 in the last 90 days. 0.12% of the stock is currently owned by company insiders.
United Parcel Service Company Profile (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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